The Internet is the dominant platform for communications, electronic commerce, and entrepreneurship, generating 4.1 percent of Gross Domestic Product and, in some countries, double that figure. By 2016, it is estimated that the digital economy will account for $4.2 trillion among G-20 nations, up from $2.3 trillion in 2010.
To meet the challenges of an ever-evolving Internet, it will be vital to maintain competitive practices that foster its continued growth and viability. New business models to fuel Internet competition – based on combinations of open or closed platforms, licensing agreements, partnerships and leveraging strategies – continue to emerge. This plethora of options across services, platforms, and business models must be evaluated to determine their potential effectiveness.
On October 10, the Center for Technology Innovation at Brookings (CTI) hosted an event exploring policies to maintain Internet competition. Moderated by Vice President and Director of Governance Studies and CTI Director Darrell West, a panel of experts discussed policy recommendations that encourage innovation without stifling competition.
You can follow the conversation on this event on Twitter using the hashtag #TechCTI.
How to Maintain a Competitive Internet, by Darrell M. West and Elizabeth Valentini